Related content

Reduce Alberta's small business corporate income tax rate by one third, from 3% to 2%, effective 1 January 2017

Amend the individual (personal) income tax to allow a carbon rebate for certain lower and middle income individuals

The legislation does not include adjustments to the dividend tax credit rate for dividends paid out of income that is taxed at the small business rate (other than intangible dividends), consequential to the reduction of the small business corporate tax rate. The 2016 Alberta budget announced that the dividend tax credit would be lowered, effective 2017. This adjustment is expected to be included in a future bill.

Read a June 2016 report [PDF 48 KB] prepared by the KPMG member firm in Canada: Alberta Small Business Tax Rate Decrease - Legislation Receives First Reading

The KPMG logo and name are trademarks of KPMG International.
KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.
The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.